Oh it looks fine for what it is, a retro toy. No EVF, no controls, no pop-up flash (on a compact??), no sale to me.

I'd much prefer the Panasonic G1 which looks as though it would actually be a useable alternative to a DSLR in a package a fraction of the size.

So if thats the direction Olympus are going, fashion acessories, they can keep it. If I can afford it I'll go for an E-420 or a G1.

Thats not to say the type of camera shown won't sell, simply that it isn't for me under any circumstances. I was out last week with the E-3 and actually took an XA2 with me, It reinforced what I already knew (but hadn't experienced for a while), that I hate that type of camera TBH I find I have a totally detached view of the scene, I much prefer TTL or I suppose an EVF which is effectively TTL. No controls on the XA2 apart from 3 preset 'Scenes'? no thanks.

When the G1 was announced I was really surprised as it was completely different to what I predicted m4/3rds would be, Olympus have shown exactly what I predicted, a crappy P&S with a removeable lens which isn't going to be so compact with something other than a 25mm Pancake (I hate the term Pancake, whats the proper name)